Midgley Corporation makes a product whose direct labor standards are 2.1 hours per unit and $22.00...
Midgley Corporation
makes a product whose direct labor standards are 2.1 hours per unit
and $22.00 per hour. In April, the company produced 6,200 units
using 12,780 direct labor-hours. The actual direct labor cost was
$269,020.
The labor rate variance for April is:
rev: 11_01_2016_QC_CS-68333
$12,239 U
$12,140 F
$12,239 F
$12,140 U
Homework Answers
Solution:
Standard rate of direct labor = $22 per hour
Actual rate of direct labor = $269,020 / 12780 = $21.0500782 per hour
Actual direct labor hours = 12780
Direct labor rate variance = (SR - AR)* AH = ($22 - $21.0500782) * 12780 = $12,140 F
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